Partly allowed
In the matter of Salims Paper Pvt. Ltd. Ia No. 494-JPR-2022 in Cp No. (Ib)- 41-7-JPR-2022
Case brief
AI extract
What is this about?
The Tribunal permitted the withdrawal of an application filed by the Financial Creditor under Section 7 of the IBC, 2016, in the absence of the Corporate Debtor. The main corporate insolvency resolution process was dismissed accordingly.
What did the court decide?
Withdrawal of the petition under Section 7 of the IBC, 2016 permitted; CP (IB) No. 4117/JPR/2022 dismissed as withdrawn.